Tuesday, January 31, 2012

Schmidt's legal expense fund shows $10 raised to date; On pace to pay off her debt in 25,000 years

Here at the COAST blog, we have been following the Jean Schmidt corruption scandal closely.

Readers will note that last August, the House Ethics Committee ruled that Schmidt had accepted an approximately $500,000 illegal gift from the Turkish Coalition of America and ordered her to repay the gift from a permissible source. (Schmidt serves on the House Foreign Affairs Committee.)

To purportedly fulfill that requirement, Schmidt established a Legal Expense Trust, a step only six other members of the U.S. House have taken (all corrupt, including Charlie Rangel and Maxine Waters).

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COAST exists to limit the rate of taxes and spending at the federal, state, and local level to within the rate of inflation and to stop the abuse of power by government officials.

COAST advances this cause by consistent and principled adherence to limited government and lower taxes in fighting legislation and ballot initiatives that increase taxes and spending beyond the rate of inflation, and by supporting candidates for public office who advance these principles.